Compliance Management

The landscape of Asset Management firms has long been fraught with challenges, particularly in the arena of investor onboarding and lifecycle management. This process, characterized by an intricate Know Your Customer (KYC) procedure and the handling of vast data volumes, has historically grappled with the limitations of outdated technological infrastructures.

Eventus, a prominent player in the trade surveillance software sector, has announced significant global expansion in 2023 and presents an optimistic forecast for 2024. The company is on a mission to revolutionise trade surveillance with bespoke, client-driven solutions and innovative technology.

In a significant development reported in October 2023, the United Arab Emirates (UAE) is on the cusp of being removed from the Financial Action Task Force's (FATF) "grey list."

RegTech company Quantifind, prides itself on its commitment to delivering high quality risk intelligence solutions. As part of this, the company recently introduced new product features and functionalities at the start of this year, marking a significant advancement in its capabilities. 

ScaleFactor, a smart finance and automated accounting platform, has raised $30m for its Series B round.

Document management company ClauseMatch has received $2.5m in venture debt funding from Silicon Valley Bank.

InCountry, a data-residency-as-a-service platform, has closed its Series A on $15m, just months after raising its seed round.

Open banking platform Tink is calling for more leeway when it comes to implementing strong customer authentication (SCA).

Pennsylvania-headquartered Altoona First Savings Bank has chosen FinTech and RegTech developer Computer Services, Inc. (CSI), to increase its operational efficiencies and strengthen its regulatory compliance initiatives related to cybersecurity and IT risk management.

Having originally revealed the plans in September to set up a select committee to investigate the FinTech and RegTech industries, the Australian senate has now announced that the...